2021 Compliance FDIC Security 
Abrigo
AUGUST 6, 2021
How can community financial institutions thrive in 2021? according to FFIEC and FDIC data. Additionally, community financial institutions are more likely to leverage relationship lending to help smaller businesses obtain loans that they might not be able to secure with larger institutions based solely on their financial information.
Perficient
APRIL 2, 2021
The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. Email: 2021-RFI-AI@cfpb.gov. CFPB-2021-0004 in the subject line of the message. Include Docket No.
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Independent Banker
OCTOBER 1, 2022
Steps such as multi-factor authentication have proven to be highly effective and are viewed as minimum security features for banks seeking cyber insurance. Some insurance carriers even offer discounts for banks that have additional layers of security, such as multi-factor authentication or end-point detection and remediation.
CFPB Monitor
AUGUST 31, 2021
The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Legal and regulatory compliance. Information security program and information systems.
BankInovation
MAY 5, 2023
in March following a cease-and-desist order from a standard review in 2021 regarding “unsafe and unsound banking practices related to its compliance with applicable fair lending laws,” according to the consent agreement. “We Tech-forward Cross River Bank reached a consent agreement with the Federal Deposit Insurance Corp.
CFPB Monitor
NOVEMBER 29, 2021
The 2022 clarity promised by the “roadmap” presumably will supersede, once issued, Interpretive Letter #1179, which appears to function as a general stop-gap until the 2022 publications hopefully provide more detail regarding exactly how banks can attain compliance. Federal banking regulators have been busy in this space.
FICO
JANUARY 13, 2020
The laws and rules governing anti-money laundering and combating the financing of terrorism compliance have not been substantively updated since the Bank Secrecy Act was adopted in 1970. In December, the FDIC and OCC issued a proposed rule to modernize the Community Reinvestment Act (CRA). I say Congress gets a deal done in 2020.
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